Karnataka government has accepted 62 applications for industrial investment worth Rs 3,607.19 crore, which could create 10,755 jobs in the state.
An investment of Rs 2,088.44 crore was cleared for eight projects by the State Level Single Window Clearance Committee (SLSWCC). It is possible that 6,360 jobs might be created by the plans.
Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India among others. Of the 62 investment proposals, 51 are between Rs 15 crore and Rs 50 crore and amount to Rs 941.40 crore.
They have employment generation potential of 4,395. Three projects with an additional investment of Rs 577.35 crore were approved too.
The MoU was signed at the 26th Bengaluru Tech Summit (BTS) 2023.
Companies that have committed investing in the state include Texcon Steels (Rs 480 crore), Hundri Sugars and Ethanol Private (Rs 476.54 crore), Bren Life Sciences and others.